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Iraq minister just commented OPEC will work to stabilize the market. I can see oil heading towards 70-75 over next few weeks. Not sure about PMO but oil will defenitly.
Oil dropped 25% from 85 to 65
Pmo dropper 70% from 140 to 81.
oversold too much, expect a rebound any time.
Oil will recover back to 70 from next week. I hope pmo to follow.